Topic: How To Invest

Pat: I’d like to have your opinion on Thompson Creek Metals. Thank you.

Article Excerpt

Thompson Creek Metals Co. Inc., $14.08, symbol TCM on Toronto (Shares outstanding: 163.9 million; Market cap: $2.3 billion, www.thompsoncreekmetals.com), is a Canadian molybdenum producer with mining, milling, roasting and marketing operations in Canada and the U.S. The company’s operations include the Thompson Creek mine in Idaho, a roasting facility in Langeloth, Pennsylvania, and 75% of the Endako mine and roaster in British Columbia. Molybdenum is either mined directly, or recovered as a by-product of copper mining. The metal helps strengthen alloys and high-temperature steels, and prevents them from rusting. In the three months ended September 30, 2010, Thompson Creek’s revenue jumped 41.4%, to $161.8 million from $114.4 million a year earlier. (All figures except share price and market cap in U.S. dollars.) The rise was the result of a 20.0% increase in the price of molybdenum, to $15.30 a pound from $12.75. Molybdenum is now at $15.70 a pound. As well, the company produced 27.9% more molybdenum in the latest…